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2 years ago

Cost objects ______.

1 answer:

7 0

Any item for which expenses are being measured independently is referred to as a cost object. It is a crucial idea in controlling a company's expenses.

In cost accounting, a thing to which costs are attributed is referred to as a cost object. As an illustration, a company's product is the cost object for direct materials, direct labor, and manufacturing overhead. In cost accounting, a thing to which costs are attributed is referred to as a cost object. As an illustration, a company's product is the cost object for direct materials, direct labor, and manufacturing overhead.

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Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The compan

podryga [215]

Answer:

1. 600 units

2. $81,800

Explanation:

In this question we use the formula of break-even point in unit sales which is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $134 - $67

= $67

And, the other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= ($32,300 + $7,900) ÷ ($67)

= ($402,00) ÷ ($67)

= 600 units

2. Break even point = (Fixed expenses + desired profit) ÷ (Profit volume Ratio)

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = ($67) ÷ ($134) × 100 = 50%

The other values would remain same

Now put these values to the above formula

So, the value would equal to

= ($32,300 + $8,600) ÷ (50%)

= $81,800

8 0

3 years ago

Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensiv

NeTakaya

Answer:

Hello your question is incomplete below is the complete question

Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only $49,700 per year and variable costs of $740 per unit. The second process has fixed costs of $391,000 but variable costs of only $160 per unit. a. What is the break-even quantity, beyond which the second process becomes more attractive than the first? the volume at which the second process becomes more attractive is ..... units

answer : At ≥ 589 units the second process becomes more attractive

Explanation:

A) Determine the breakeven quantity that makes the second process more attractive

the second process has a higher fixed cost of $391000

x = volume of sales that makes process 1 as profitable as process 2

sales = fixed cost + Total variable cost

profit = (( selling price ) * X ) - (variable cost * X ) - fixed cost

<em>Assuming the profit made from process 1 = process 2 </em>

((selling price * X ) - ( variable cost of process 1 * X ) - fixed cost of process 1 =((selling price * X ) - ( variable cost of process 2 * X ) - fixed cost of process 2

hence ;

x = ( fixed cost of process 2 - fixed cost of process 1 ) / ((variable cost of process 1) - (variable cost of process 2 ))

= ( 391000 - 49700 ) / ( 740 - 160 )

= 588.44 units ≈ 588 units ( both process will yield same profitability

At ≥ 589 units the second process becomes more attractive

5 0

3 years ago

Let’s examine how the goals of the Fed influence its response to shocks. Suppose that in scenario A the Fed cares only about kee

dolphi86 [110]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

6 0

4 years ago

Time is precious don't waste it

rosijanka [135]

Answer:

yes this very true bc as you get older the less opportunity's you get to things

3 0

3 years ago

The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more

dimulka [17.4K]

The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more detailed project planning stage. It is a TRUE STATEMENT

When the project portfolio statement is signed, the high-level project initiation stage ends and the more in-depth project planning stage begins. The organization's existing state should be positively, powerfully, and vividly described in the vision.

<h3>What is a background statement in project management?</h3>

The project charter must include a background statement, which serves as the foundation for the scope overview and business case. (T/F) The important schedule milestones, significant points, and events in the project are identified in the project master network, which is a summary-level timetable.

<h3>What should the prioritization of projects in a portfolio consider?</h3>

Whether the requirements for carrying out each project are properly known should be taken into account when ranking the projects in a portfolio. The project business case outlines the goals and methods for the project. A formal legal contract between the project team and the project sponsor is established via the project charter.

<h3>How to develop a background document for your project initiative?</h3>

Consider the following details when creating a background document for your project initiative: primary target (what is to be addressed by the project) a list of requirements and the main justifications for launch. a typical explanation of how to carry out the job

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6 0

2 years ago